Crypto currency represents the fantasies i had about the financial system as a young person. I then actually worked inside the financial industry. This article is hitting on something very important.
The thing is, I don't know if its possible to understand how important regulation is to the financial system until you work inside the financial system. Its kind of hard to explain, especially because the system has had so many big failures and abuses. But basically, it seems like one of those systems where if you dont notice it, then it means its working. Like sewer or water or electricity. It takes a lot of behind the scenes work for that to be a smooth experience for the user.
The thing is, I don't know if its possible to understand how important regulation is to the financial system until you work inside the financial system. Its kind of hard to explain, especially because the system has had so many big failures and abuses. But basically, it seems like one of those systems where if you dont notice it, then it means its working. Like sewer or water or electricity. It takes a lot of behind the scenes work for that to be a smooth experience for the user.